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P25 2:Layout 1 WEDNESDAY, OCTOBER 21, 2015 BUSINESS Overview Nissan Exhibit at 2015 Tokyo Motor Show YOKOHAMA: Nissan Motor Co, Ltd yesterday 16GT Four Personalization models; and special- onboard and online. Designed under the concept released an overview of its exhibit at the 44th feature models, including the Skyline 350GT “a clean canvas,” its key feature is its smooth white Tokyo Motor Show, which will be held at Tokyo Hybrid Type-SP Cool Exclusive, Fuga 370GT Type- interior that allows the instrument panel, seats Big Sight and open to the public from October 30 S Cool Exclusive and Serena Highway Star V and even door trim to serve as a blank canvas for through November 8. Among the exhibits will be Selection. expression. Teatro for Dayz, an innovative concept that sig- The Nissan booth will be in West Exhibition Built on Nissan’s EV technology, Teatro for nals a new direction in mobile technology. Hall 2. Dayz is as much a giant mobile battery as four- Designed especially for the digital native genera- Further details of the main featured vehicles: wheel transportation. To a share native, this is the tion, this vision of near-future vehicles departs Teatro for Dayz -A new approach to driving point: Cars can be mobile devices for occupants from convention and marks a shift in perception. the next-generation interested in creating, connecting and sharing. Major Nissan exhibit components include: Nissan describes the generation that went What Teatro for Dayz is and how it’s used will * Nissan Gripz Concept, making its Japan straight from the cradle to digital technology as finally be decided by share natives themselves. At debut following its unveiling at the 2015 “share natives.” This generation will reach driving the motor show, you will get a glimpse into the Frankfurt Auto Show last month age in a few years, but has shown little interest in future and see the creativity of the next genera- * Upgraded Nissan Leaf with increased battery cars so far. What kind of cars will move share tion at play. capacity, resulting in significantly longer driving natives? Will they even want to drive? Nissan has Nissan Gripz Concept — EV-based series range designed a provocative solution: Teatro for Dayz. hybrid sports crossover * Leading-edge autonomous drive and safety Teatro for Dayz: Its name is drawn from the The Nissan Gripz Concept, conceived by technologies Italian word for theater and a Nissan minicar. This designers in Europe and Japan, aims to blend the * Nissan Concept 2020 Vision Gran Turismo concept has an innovative design and features ability and practicality of a compact crossover A total of 20 vehicles will be on display, includ- that enable share natives to create and share with the excitement and performance of a sports ing the X-Trail Hybrid Mode Premier and Juke experiences immediately with friends both car. Equipped with an EV-technology-based series body color and featuring a new expression of hybrid system—Pure Drive e-Power—, the Nissan’s signature V-Motion grille, the Nissan Nissan Gripz Concept delivers a smooth, refined Concept 2020 Vision Gran Turismo is a real-world and exhilarating driving experience with out- embodiment of a virtual car, through which standing fuel efficiency. Within the system, an gamers around the world experience Nissan’s efficient gasoline engine powers the same elec- dynamic performance and innovation. tric motor used in the Nissan Leaf. Note: “PlayStation” and “Gran Turismo” are The exterior of the Nissan Gripz Concept is trademarks of Sony Computer Entertainment, guided by the “emotional geometry” body Inc. sculpting concept which depicts strong con- New Nissan Leaf - longer driving range and trasts through the dynamic, tensional, yet edgy, Forward Emergency Braking as standard surface. The interior has a “gliding wing” instru- Since the Nissan Leaf’s launch in 2010, over ment panel, with an elegantly thin design that 180,000 have been sold worldwide, making it the combines strength with simplicity. world’s best-selling EV. At this year’s Tokyo show, Nissan Concept 2020 Vision Gran Turismo Nissan will exhibit a new grade offering a single- — New color, enhanced presence charge driving range up to 280 km (Nissan inter- Nissan Concept 2020 Vision Gran Turismo, a nal measurements based on Japanese driving concept supercar developed in conjunction with conditions) and advanced safety technology- Polyphony Digital Inc., the creators of the racing standardized across all grades for the Japan mar- video game Gran Turismo for PlayStation, is cer- ket-including Forward Emergency Braking, tain to further increase Nissan’s sizable presence which is designed to help drivers avoid or miti- in the game and beyond. gate the impact of frontal collisions, and Lane The latest creation in the Vision Gran Turismo Departure Warning. Nissan plans to announce Project was unveiled at Goodwood Festival of the latest Nissan Leaf grades for Japan in Speed 2014 in England. In new Fire Knight red November and begin sales in December. Apartments drive home Demand puts Ferrari on construction gains in US pole for Wall Street debut WASHINGTON: Construction com- “So, for beleaguered buyers who has dipped to 63.4 percent, the low- ROME: Ferrari makes its stock market debut on panies built more apartment com- can’t find what they are looking for est level in 48 years. The influx of Wall Street today with owner Fiat Chrysler hopeful plexes in September, sparking a because of a dearth of listings, there millennials and downsizing baby the luxury sports car maker will roar off the start- temporary rise in housing starts for a is a bit of help on the way.” boomers into the rental market has ing grid. Against a backdrop of reported strong real estate market that otherwise Construction rose last month in caused monthly leases to jump 3.8 demand for the stock despite the problems other appears to have crested during the the Northeast, South and West, percent over the past year, accord- recent IPOs have encountered, Fiat Chrysler has summer. Housing starts last month while falling in the Midwest. ing to the real estate firm Zillow. placed nine percent of Ferrari’s capital with rose 6.5 percent to a seasonally Housing starts have soared 12 per- But price appreciation has also investors across the globe. adjusted annual rate of 1.21 million cent in the first nine months of 2015. slowed as many Americans lack the If underwriters take up their maximum homes, the Commerce Department But the pace of building retreated income to spend more on housing. options, the number of shares sold will account said yesterday. But a 17 percent from its June apex, in part due to the Average hourly earnings have for 10 percent of the company, valuing the iconic surge in multi-family housing - expiration of tax incentives for increased just 2.2 percent to $25.09, Italian marque at up to $9.8 billion. The initial pub- which includes apartments - developers in New York. meaning that home values and lic offering is the first step in a complete spin-off accounts for almost all of that Approved permits fell 5 percent rental costs are rising at roughly process which is central to Fiat Chrysler’s plans to increase. in September to an annual rate of double the rate of incomes. invest $48 billion to expand its total worldwide New construction and sales of 1.1 million, a sign that construction There are signs that more sales to seven million vehicles per year, largely existing homes surged in the first will likely slow in the coming Americans are renovating their through the development of its Jeep, Alfa Romeo half of the year as more Americans months. Sales of existing homes homes instead of buying new prop- and Maserati brands. The final pricing of the found work and the unemployment similarly accelerated through the erties. A new index compiled by BEVERLY HILLS: A new Ferrari 348 Spider convertible makes its debut on Rodeo Drive in Ferrari shares, which were offered in a $48-$52 rate dipped to a solid 5.1 percent. start of the summer, only to decline BuildZoom - which identifies con- Beverly Hills, California. Road-worthy vehicles have become the cornerstone of the com- dollar range, was to be announced in New York But tight inventories, rising prices in August. The tight inventories - just tractors for projects - found that ren- pany ahead of its flotation. In 2014, Ferrari shipped 7,255 cars, helping to generate a net yesterday evening. and the absence of meaningful 5.2 months’ supply of homes were ovations are running 2.8 percent profit of around $300 million. — AP Quoting sources familiar with the progress of wage growth have capped growth listed for sale - have propped up above their 2005 level. Meanwhile, the private share placement, Bloomberg reported most celebrated team in motorsport’s elite cham- through sponsorship and related commercial as affordability has become an issue prices, as the median cost to buy a despite the gains of the past year, that demand for a piece of the action had raced pionship is vital to the value of its brand. It also agreements, including licencing of the company’s - a problem that new construction home increased 4.7 percent over the new home construction remains 57 ahead of the number of available shares. accounts for more than 10 percent of its revenue name and famous prancing stallion logo. — AFP can help resolve. year to $228,700, according to the percent below its 2005 level during That points to a scramble for stock after “Builders are stepping up to meet National Association of Realtors. the housing bubble.
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